September 29, 2022


Chevy offered discounts on Bolt EV owners who bought their cars shortly before a 2023 model price dropbut this discount comes with a big catch. Jalopnik and Automatic blog Note that the rebate application requires drivers to “forever waive and release” their right to sue GM or LG for Bolt battery defect reported. In other words, you should be satisfied with the savings even if the car was seriously damaged. GM confirmed the deal language with Engadget.

GM first recall the Bolt in November 2020 after reports of battery fires between 2017 and 2019. The automaker tried to address the problem with a software update in April 2021, but two subsequent fires and a second recall led NHTSA to indoor parking warning. This led to a recall in July 2021 where GM replace the batteries. The brand eventually recalled all the bolts it made, pledged an additional $1 billion in battery replacements, and offered an eight-year, 100,000-mile warranty on replacement batteries.

Since then, the company has used financial incentives to regain trust. It slashed the price of the Bolt EV and Bolt EUV between $5,900 and $6,300 and offered comparable discounts to people who purchased 2020, 2021 and 2022 models this year. Exact discount amounts depend on model year and trim level.

As Jalopnik explained, this is not the first time GM has used legal settlements to protect its reputation. Cadillac Lyriq buyers were offered a $5,500 discount if they agreed not to talk about problems with the electric SUV, and buyers of high-tech cars like the Hummer EV void their warranties if they turn their vehicles over within a year. However, this latest move could easily be the most worrying – the discount amounts to a legal settlement rather than a gracious offer.

Editor’s note: This article originally appeared on Engadget.



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